It’s the “sunk cost fallacy”. They’ve already invested so much, that turning back now means a total loss…when success “might be” just around the corner, if they only invest a little more. In for a penny, in for a pound.
The mentality of the gambler. There’s a lot of people out there who have this addiction and just aren’t fortunate enough to have lucked into becoming a CEO. That’s how you know it’s a lottery, and being born into riches is a shortcut.
It’s the “sunk cost fallacy”. They’ve already invested so much, that turning back now means a total loss…when success “might be” just around the corner, if they only invest a little more. In for a penny, in for a pound.
The mentality of the gambler. There’s a lot of people out there who have this addiction and just aren’t fortunate enough to have lucked into becoming a CEO. That’s how you know it’s a lottery, and being born into riches is a shortcut.